Leading US-India business groups have lauded India’s Union Budget 2026–27, emphasizing its support for growth, fiscal discipline, and India’s significance as a key economic partner for the United States amid global uncertainties. The US-India Business Council (USIBC) and the US-India Strategic Partnership Forum (USISPF) praised the budget for highlighting India’s dedication to economic expansion, resilience, and global competitiveness, while enhancing the groundwork for stronger bilateral commercial and strategic relationships. This move is seen as a positive signal to global investors during a period of geopolitical and economic unpredictability.
USIBC President Atul Keshap mentioned that the budget reflects India’s ambition to maintain its status as one of the world’s fastest-growing major economies and a crucial partner for the United States in the Indo-Pacific region. The focus on sustained growth, fiscal responsibility, public investment, and reforms is viewed as a strong indicator for global investors, reinforcing India’s position as a rapidly growing economy and a vital ally for the United States.
The USIBC welcomed the government’s emphasis on maintaining growth around 7%, fiscal discipline, and public investments, considering these priorities essential for bolstering India’s long-term growth fundamentals and enhancing bilateral commercial ties. Additionally, the Council urged the government to expedite reforms in areas such as taxation, ease of doing business, trade facilitation, and regulatory predictability to boost investor confidence and attract higher levels of foreign investment.
USIBC also appreciated the budget’s focus on frontier technologies through initiatives like the India Semiconductor Mission 2.0, the AI Mission, the National Research Mission, the Innovation Fund, and the National Quantum Mission, highlighting India’s aspirations in next-generation technologies. In the energy and climate sectors, USIBC pointed out initiatives such as the Rs 20,000 crore Carbon Capture Utilization and Storage scheme and exemptions on Basic Customs Duty for various manufacturing activities.
